Yearly Archives: 2017

Lincoln Financial provided an acquisition loan with a 12 year fixed rate below 4% and 25 year amortization for the single tenant, net leased distribution warehouse which spans 127,000 square feet.

“On behalf of our repeat client, MacDougall & Associates, we were able to secure an attractive 12 year fixed interest rate for this sale-leaseback transaction. MacDougall had been actively targeting attractive investment opportunities in the Dallas market for several quarters, and the borrower moved quickly when this transaction became available. Lincoln Financial was attracted to the loan due to the asset’s excellent location at the intersection of two Interstate highways, the strong tenancy, and MacDougall’s expertise with this asset type. Working together, we were able to rate lock early at an attractive yield to the investors and close in less than 60 days.” – Matt Franke

Q10 KDH Vice President Travis Fite arranged $3,500,000 in financing for Sugar Land Office located in Sugar Land, Texas. An affiliated correspondent life insurance company provided cash out refinancing with a ten year fixed rate in the low 4’s and 25 year amortization for the “B” class office building.

“Working with a repeat borrower, we were able to deliver a life insurance company commitment just a few days beyond the signed application. The lender loved the recent property renovations and the subsequent leasing activity that occurred. Even through Hurricane Harvey, a cooperative lender and borrower made for a quick and easy closing.” – Travis Fite

Q10 KDH Vice President, Ryan Watson provided $10,000,000 in financing for two separate multifamily properties in Atlanta, GA. The small balance Freddie Mac loans carried and average interest rate of 4.30%. Both notes had a 30 year amortization and 1-2 years of interest only.

“The borrower was a repeat client of Q10 KDH, I was able to pull equity from the properties while also lowering their interest rate with the new notes.” – Ryan Watson

Q10 KDH Vice Presidents Emily Zarcaro and Matt Franke secured $2,300,000 in acquisition financing with correspondent life insurance company Symetra Financial for Newk’s Retail Center in Houston, TX. The subject property is a brand new 9,640 SF retail center that is 100% occupied by three tenants. The center is an outparcel to a power center anchored by Super Target, Sam’s Club, and Home Goods. Zarcaro and Franke arranged 10 year fixed rate financing for an out of state borrower.

A team led by Q10 KDH Vice President Matt Franke, Vice President Dave Holland and Principal Ray Driver, III procured $40 million in financing for Sun Chase, a 1,600 acre Master Planned Community located in Austin, Texas. On behalf of Qualico CR, LP, Matt and the KDH team facilitated financing of the multi-year, multi-phased development. Sun Chase’s Phase I will include 470 single family homes, mixed residential, commercial and multifamily components. Subsequent phases will include single family development, multifamily, and retail. In addition, Sun Chase will feature private and public parks, schools, hike and bike trails, and greenbelt areas.

“Our company motto at KDH is ‘Growth Through Relationships’ and this transaction is the embodiment of that message. By that, I’m referencing our relationship with Qualico that was established more than 6 years ago and has been strengthened through this most recently closed financing. Like most transactions, this one had its ups and downs and ended up taking substantially longer to close than we initially anticipated. In this case, getting our lender to issue the loan commitment was more or less routine but the real challenge was getting the closing team comfortable with the large 1,600 acre land assemblage that served as our primary collateral. Fortunately, we were able to coordinate closing efforts through frequent calls with the team, and our competent and professional surveyor and title company reps were able to provide the need supporting docs to lender’s satisfaction.

I’m really looking forward to watching this master planned community grow and mature in coming years. With its proximity to the Austin-Bergstrom Airport, the new Circuit of the Americas and numerous employment options, I’m confident that Sun Chase will be another of Qualico’s successful communities.” – Matt Franke

Ryan Watson, Vice President at Q10 KDH closed three retail/industrial loans in one week totaling over $18,000,000 in loan fundings. All three loans were closed with Q10 KDH correspondent life companies, Advantus Capital Management, Stancorp Mortgage Investors, and Symetra Life Insurance. The properties included a 146,000 sf retail center, a 175,000 sf retail center, and a 22,000 sf warehouse facility.

“Closing three loans of this size in one week was difficult, but I was especially pleased with our correspondent life companies meeting the needs of our clients to facilitate all three loans.” – Ryan Watson

Q10 KDH has closed a variety of loans across the country to kick off the first half of 2017. Reach out to any member of our team if you have financing needs of your own or have questions on how we can help with your next project.